RBI Announces Integration of UPI with European TIPS for Cross-Border Payments

Nov 22, 2025 02:58 am CST

The Reserve Bank of India has announced the interlinking of India's Unified Payments Interface (UPI) with the European TARGET Instant Payment Settlement system, enabling seamless cross-border remittances between India and the Euro Area. This initiative aligns with the G20 Roadmap for enhancing international payment systems, making them more affordable and accessible.